Drug Store with
For Sale
Contact for pricing
918 West Mercury Boulevard, Hampton, VA 23666
An absolute net lease structure assigns property expenses and responsibilities to the tenant.
Property SizeContact for details
Days on Market145
Property Features for 918 West Mercury Boulevard
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
73,000 vehicles/day
Building Details
Year Built
2014
Listing Agency:
SAB Capital
Listed By:
Preet Sabharwal · License #NY 10401215775
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 10:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAB Capital
Investment Insights
Based on property information with market context.
This freestanding drug store was constructed in 2014 for CVS and operates 24 hours daily. The property includes a drive-through and is subject to an absolute net lease with 23 years remaining. The tenant is responsible for property expenses, including maintenance, repair, and replacement of the roof, structure, and parking lot, leaving no landlord responsibilities under the stated lease terms. The lease is guaranteed by CVS Health Corporation and includes 10 five-year renewal options, with rent moving to fair market value during the third option.
The property occupies the intersection of North Armistead Avenue and West Mercury Boulevard, a ten-lane thoroughfare carrying more than 73,000 vehicles per day. Sentara CarePlex Hospital is less than two miles south, while Peninsula Town Center is approximately a half-mile away. The surrounding center includes specialty retailers, restaurants, apartments, offices, and entertainment uses.
The property occupies the intersection of North Armistead Avenue and West Mercury Boulevard, a ten-lane thoroughfare carrying more than 73,000 vehicles per day. Sentara CarePlex Hospital is less than two miles south, while Peninsula Town Center is approximately a half-mile away. The surrounding center includes specialty retailers, restaurants, apartments, offices, and entertainment uses.
Key Highlights
- 24‑hour CVS Pharmacy built in 2014
- Drive‑through included
- 23 years remaining on an absolute net lease
Property Analytics
Property Profile
Current Use
Lease Details
73,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
444k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 25%
Groceries 21%
Shops & Services 16%
Walmart
Superstores
111,091 visits/mo
0.3 miles
Kroger
Groceries
72,301 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
39,631 visits/mo
0.5 miles
Cook Out
Dining
29,450 visits/mo
0.3 miles
Wendy's
Dining
27,103 visits/mo
0.3 miles
Demographics for 23666, VA
52,845
Population
25,117
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
19.4 sq mi
ZIP Area
2,724
Density / Sq Mi
$70,798
Median Household Income
$42,552
Median Earnings
$1,439
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Kathleen A. Feigh, RPH — 1900 Cunningham Dr, Hampton, VA 23666
- Walmart Pharmacy — 1900 Cunningham Dr, Hampton, VA 23666
- Kroger Pharmacy — 1050 W Mercury Blvd, Hampton, VA 23666
- CVS Pharmacy — 918 W Mercury Blvd, Hampton, VA 23666
- Shana Garrett — 919 W Mercury Blvd, Hampton, VA 236664322
Frequently Asked Questions
What type of property is this?
Drug store - An absolute net lease structure assigns property expenses and responsibilities to the tenant.
Where is this drug store located?
The property is located at 918 West Mercury Boulevard Hampton, VA.
What are key features of this property?
This property features: 24‑hour CVS Pharmacy built in 2014; Drive‑through included; 23 years remaining on an absolute net lease
